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February 19, 2021
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A civic group in Thailand is petitioning the country’s financial institutions to withhold construction loans for the Luang Prabang dam project along the Mekong River in Laos amid warnings about the negative environmental risks the dams pose and the potential for the displacement of families on the river and loss of livelihoods.
The NGO Fair Finance Thailand earlier this month called on a number of financial institutions, including the central bank, to withhold loans until a feasibility study is done on what risk-mitigation measures have been taken for the project, which began construction last year, as well as on its “trans-boundary impact”.
Mekong River threatened by dams and climate change
Thailand losing interest?
The latest Laotian dam project is the Chinese-funded Sanakham dam, which is under construction around 2 kilometers upstream from the border with Thailand.
Not all Thai government stakeholders are showing robust support for the new dam, said Brian Eyler, director of the Southeast Asia program at the Stimson Center.
The Office of National Water Resources of Thailand (ONWR), for instance, has warned the country might refuse to buy power from the dam, citing concerns over environmental impacts.
The opposition in Thailand to the Sanakham dam could spell the end of the project, even if investors are counting on Thailand s energy authority to be the primary customer of the power generated.
The recolonization of Africa by China
By CFACT Ed, Duggan Flanakin
|2020-12-14T10:11:56-05:00December 19th, 2020|Economy|Comments Off on The recolonization of Africa by China
Joe Biden has pledged as one of his first acts as President to rejoin the Paris climate agreement, which continues to
give China a pass until at least 2030. Biden’s designated envoy, former Secretary of State John Kerry, has stated that the existing agreement “has to be stronger.” Kerry also claims that China, though a competitor and potential adversary, will become an active partner. His rationale: “Climate is imperative, it’s as imperative for China as it is for us.”